New Age Alpha Advisors LLC Acquires Shares of 1,183 Clearway Energy, Inc. (NYSE:CWEN)

New Age Alpha Advisors LLC bought a new position in Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,183 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWEN. CIBC Asset Management Inc lifted its stake in Clearway Energy by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock worth $236,000 after purchasing an additional 414 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Clearway Energy by 5.2% during the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock valued at $414,000 after purchasing an additional 787 shares in the last quarter. Quad Cities Investment Group LLC increased its holdings in shares of Clearway Energy by 7.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after purchasing an additional 886 shares during the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of Clearway Energy in the fourth quarter worth about $28,000. Finally, AGF Management Ltd. boosted its stake in Clearway Energy by 8.0% during the fourth quarter. AGF Management Ltd. now owns 16,337 shares of the company’s stock valued at $425,000 after buying an additional 1,210 shares during the last quarter. Institutional investors own 84.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CWEN shares. Deutsche Bank Aktiengesellschaft initiated coverage on Clearway Energy in a research note on Tuesday, March 25th. They issued a “buy” rating and a $38.00 price objective on the stock. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Roth Mkm reiterated a “buy” rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and a consensus price target of $34.71.

Clearway Energy Stock Down 8.9 %

NYSE CWEN opened at $28.06 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a 52 week low of $21.72 and a 52 week high of $31.09. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.75 and a beta of 0.85. The company has a fifty day moving average of $27.84 and a two-hundred day moving average of $27.64.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $299.73 million. On average, analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.4312 dividend. This represents a $1.72 annualized dividend and a dividend yield of 6.15%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Clearway Energy’s dividend payout ratio is presently 229.33%.

Clearway Energy Profile

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.